charger — Dec 25, 2010[quote author=Hookbender link=1292641000/0#15 date=1293226008]
I'm not disputing big corporations aren't doing well. That has nothing to do with the middle class or below middle class. Who cares what "big money" corporations are doing in the context of this discussion. You bring that up way to much. Only the republicans would consider this some great achievement. The middle class and poor are taking the big licks on the poor economy, as usual.
Dude, what are you arguing then? You say "Obama should have focused on the economy instead of healthcare."
I then post how, for 7 quarters, corporate profits have been rocketing upwards, how they are now at record levels. And by the waT, this is not just big corporations. This includes everyone. This is "corporate profit" full stop. What makes you think it's just big corporations making shitloads is beyond me. But I digress--What exactly did you want Obama to do for the economy that he didn't do? Make companies hire people? They are right back to making shitloads of money. That you blame OBAMA for them not hiring is completely asinine. A lot of these companies realized that they could cut people, freeze salaries, reduce hours and benefits, and then make sure their workers feel thankful they even HAVE jobs, and, guess what? they can make just as much money and more with those fewer workers, working harder, being more productive. So, they aren't going to rehire--because profit is more important to them than patriotism. And yet, you still think that's Obama's fault? That he's somehow making them not want to hire? Because Obama preaches greed and the message has resonated with them?
What I would need to read up on is the logic behind big corporations not hiring, if anything. If I owned a big corporation, I damn sure wouldn't be expanding my business right now, especially if my business were driven by sales to the middle class and poor. And especially if the economy was in the shitter.
Then you are just as bad as them. Aren't you proud. And I reiterate--the economy is NOT in the shitter for corporations right now. The economy is booming. It's kicking much ass. People are making killings out there. Corporate profit is at record levels--you don't seem to understand how big a deal that is. It's a big deal.
Give me one reason why not hiring seems like a smart thing to you. Any idiot with a 5th grade education knows that the more people who have jobs, the more people who can buy things.
I think you need to read your own post. You even put a quote in your post . First words, "Big Money corporation". Then read all the google shit.
I didn't say I blamed Obama for them not hiring. It's basic business survival 101.
From a business standpoint, in a shaky economy, I wouldn't hire or expand my business until things turned around. When the big business starts hiring and expanding, you'll know the economy is turning the corner. Money isn't moving. Banks aren't lending. The government is increasing how long you can get unemployment, which takes a little of the urgency away from people who are jobless. The housing market is shit, which keeps construction down, contractors down etc. A lot of the factors of the economy are not doing well at all.